FireEye stock jumps in market debut

Published on NewsOK Modified: September 20, 2013 at 4:35 pm •  Published: September 20, 2013

NEW YORK (AP) — Shares of cybersecurity firm FireEye gained 80 percent, to $36, in their first day of trading on the Nasdaq.

FireEye Inc. raised nearly $304 million in its initial public offering of stock. It sold 15.2 million shares at $20 each. In a regulatory filing, the company initially planned to offer 14 million shares priced between $15 and $17 per share. The bigger deal signaled healthy demand for the company's shares.

The company helps businesses and governments protect themselves from cyberattacks.

FireEye is giving the banks managing the deal up to 30 days to buy up to an additional 2.3 million shares to cover any excess demand. That would add to proceeds.

The Milpitas, Calif., company's shares trade under the "FEYE" ticker symbol.

Trending Now


  1. 1
    22 Things You Should Never Do Again After 50
  2. 2
    Bartender Returns $200 She Stole 15 Years Ago
  3. 3
    Study: Most US Teens Can't Read Their Own Pay Stubs
  4. 4
    It's official. It's true. Rosie's coming back.
  5. 5
    Slurp, munch freebies for a week at 7-Eleven
+ show more